Flexible Budgeting and Variance Analysis

Sharon's Delights Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available:

$\backslash$table$[[,\backslash$table$[[$Standard Amount$],[$per Case$],[$Dark Chocolate$]],\backslash$table$[[$per Case$],[$Light Chocolate$]],\backslash$table$[[$Standard Price$],[$per Pound$]]],[$Cocoa$,12lbs.,9lbs.,$$$4\mathrm{.}50$